H.R. 3330
Energy Freedom Act
Sponsor: Josh Brecheen
Official summary
No official summary yet.
Text of the bill
(a) In general. Subpart D of part IV of subchapter A of chapter 1 is amended by striking section 40B (and by striking the item relating to such section in the table of sections for such subpart).
(b) Conforming amendment. Section 38(b) is amended by striking paragraph (35).
(c) Conforming amendments
(1) Section 87, as amended by section 8 of this Act, is amended to read as follows:
87. Alcohol credit. Gross income includes the amount of the alcohol fuel credit determined with respect to the taxpayer for the taxable year under section 40(a).
(2) Section 4101(a)(1) is amended by inserting (as in effect on the day before the enactment of the Energy Freedom Act) after section 40B.
(d) Effective date. The amendments made by this section shall apply to fuel sold or used after December 31, 2025.